Crypto Analyst Benjamin Cowen Issues Altcoin Alert, Says Alts Primed To Keep Going Lower Against Bitcoin – Here’s Why
A widely followed cryptocurrency analyst is issuing an alert, warning traders that altcoins appear poised to continue declining against Bitcoin (BTC).
In a new thread, crypto trader Benjamin Cowen tells his 1 million followers on the social media platform X that US monetary policy will remain tight, suggesting that altcoin pairs versus the top crypto asset by market cap are heading to their range lows.
“With the economy holding strong, it delays rate cuts and likely delays the end to QT [quantitative tightening]. This suggests that monetary policy will remain restrictive, continuing to support the idea that altcoin/BTC pairs are likely still heading to the range lows.”
According to Cohen, during the last…
